100
100
May 19, 2013
05/13
by
CNNW
tv
eye 100
favorite 0
quote 0
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
109
109
May 16, 2013
05/13
by
MSNBCW
tv
eye 109
favorite 0
quote 0
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
74
74
May 15, 2013
05/13
by
CNBC
tv
eye 74
favorite 0
quote 0
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
80
80
May 17, 2013
05/13
by
MSNBCW
tv
eye 80
favorite 0
quote 0
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
51
51
May 15, 2013
05/13
by
CSPAN2
tv
eye 51
favorite 0
quote 0
to go towards deficit reduction. that is remarkable, madam chair, but you been able to craft a bill with that kind of number in there under conditions we are operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to recognize that one program does not fit all. the bill before us attempt to provide producers with options to find what works best for them, and that's a step in the right direction. that's something we've never done before, is to give the kind of options that are available in this bill. a new program known as adverse market protections seeks to serve the needs of those who are not protected by the agriculture crop insurance program. it's imperative that the farm safety net provide protection for multiyear price declines, especially for southern crops like rice in. since the protection provided by our crop insurance and we don't work and are not sufficient. also i would like to recognize that the cotton policies contained in the chairs
to go towards deficit reduction. that is remarkable, madam chair, but you been able to craft a bill with that kind of number in there under conditions we are operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to recognize that one program does not fit all. the bill before us attempt to provide producers with options to find what works best for them, and that's a step in the right direction. that's something we've never...
73
73
May 15, 2013
05/13
by
FBC
tv
eye 73
favorite 0
quote 0
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
55
55
May 12, 2013
05/13
by
KQED
tv
eye 55
favorite 0
quote 0
the united states has run $10 trillion in trade deficits. we run deficits with japan, canada. we lost one-third of all our manufacturing jobs. >> did you hear him correct you just a minute ago? >> we have 55,000 factories. >> did you hear him correct you? >> i'm not all that against this. >> you said you're forsaken for the last three years. >> it's in the head lines now, they finally caught up. >> they're sinking us. it's in their interest. >> president obama has spent most of his political capitol on gun control. should he refocus on this monument free trade agreement? >> he doesn't have to. >> yes or no? >> he gets other people to do it. >> he could propel him with a terrific intellectual background. >> i agree. i think obama has to have an economic -- >> it doesn't sound like it. >> it's a trade deal. >> you're suspicious of everything. issue agreed. >> i think it's the saddest phone call i've ever had in my life. he told me pastor stevens passed away. >> gregory hicks is a state department veteran of 22 years. he testified to chairman darryl's committee this week that he'
the united states has run $10 trillion in trade deficits. we run deficits with japan, canada. we lost one-third of all our manufacturing jobs. >> did you hear him correct you just a minute ago? >> we have 55,000 factories. >> did you hear him correct you? >> i'm not all that against this. >> you said you're forsaken for the last three years. >> it's in the head lines now, they finally caught up. >> they're sinking us. it's in their interest. >>...
82
82
May 12, 2013
05/13
by
KTVU
tv
eye 82
favorite 0
quote 0
i would also say this, another part of shrinking the deficit not just tied to cutting government spending, it's tied to growing the economy. you look at the number of unemployed in this country right now, that's a real drag on the economy. as the economy grows relative to that, that's another part of shrinking, if you will. >> let's address your personal scann scandal. what did you learn from it? >> i learned a lot. i would say that you probably learn more in the valleys of life than on the mountain tops. i learned whole new things i'd never comprehended before with regard to god's grace, with regard to the reflective grace that comes to other human that you walk with on a daily basis. i learned a lot about judgment. i learned a lot about forgiveness. i could go down the litany of different things. i boil it down this way. our minister gave a great sermon a number of months back, and his point was, do the events of your life refine or define your life? i think in politics, you know 0, people want to take an event and make it definitional to your life. i think that any of these valleys or
i would also say this, another part of shrinking the deficit not just tied to cutting government spending, it's tied to growing the economy. you look at the number of unemployed in this country right now, that's a real drag on the economy. as the economy grows relative to that, that's another part of shrinking, if you will. >> let's address your personal scann scandal. what did you learn from it? >> i learned a lot. i would say that you probably learn more in the valleys of life...
43
43
May 16, 2013
05/13
by
FBC
tv
eye 43
favorite 0
quote 0
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
235
235
May 14, 2013
05/13
by
MSNBCW
tv
eye 235
favorite 0
quote 2
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
11
11
tv
eye 11
favorite 0
quote 0
that our budget deficit is nowhere near as big or as dangerous to america as our trade deficit for decades our trade deficit has been just under a trillion dollars a year just this year as of march the u.s. trade deficit was thirty eight point eight billion dollars because we're not protecting our economy and other countries are with both tariffs and that taxes that they then reverse on export it's nearly impossible to find and buy american made goods in u.s. stores it's been two hundred plus years since george washington went out of his way to find an american made suit for his inauguration and alexander hamilton told us how to become economically strong nation it worked and we led the world for nearly two centuries but in the thirty three years since reagan took power we've gone from a new factory in being over a third of our economy to it being about a ten putting our nation back into the bondage we were once in to the british east india company we need to revisit alexander hamilton plan that made america into the most powerful manufacturing economy in the world for over two hundred yea
that our budget deficit is nowhere near as big or as dangerous to america as our trade deficit for decades our trade deficit has been just under a trillion dollars a year just this year as of march the u.s. trade deficit was thirty eight point eight billion dollars because we're not protecting our economy and other countries are with both tariffs and that taxes that they then reverse on export it's nearly impossible to find and buy american made goods in u.s. stores it's been two hundred plus...
79
79
May 19, 2013
05/13
by
CNNW
tv
eye 79
favorite 0
quote 0
overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got republicans who can be focusing on other things and not the things going in the president's direction. >> right, you know, absolutely. it gives them an opportunity to kind of take the political offensive, and as i said, to mobilize their base. but there is an opportunity. there is a desire on the public to see things get done, particularly on the deficit, the debt, economic growth. those kind of issues. to the extent they're seeing us focus solely on this, there is cost. and politically, you know, your numbers, it's kind of a fascinating subcurrent which is that the grubs at the core of this new oba
overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got...
97
97
May 15, 2013
05/13
by
CNBC
tv
eye 97
favorite 0
quote 0
>> i thought they don't care about the deficit. we've stabilized it for a decade, i hear. >> it's coming down, jerry. it's dropping to 4% gdp. >> spend, spend, spend, hooray, hooray. >> by the way, it's 2.1% in 2014. >> it's never supposed to be that low again. >> so, right, look, as far as the -- i want a budget in the following sense, sloging through all these continuing resolutions where you kind of do everything by patchwork and you run into cliffs an debt ceilings, it's far from optimal for the real economy. that said, i think you got a good point this is not a group that will put together coherent budget. they can't come together with regular aura and have a smooth trajectory. >> i'm going to make a forecast here. the gop message with these investigations, whether it's the irs or benghazi or the secret wiretapping of the phone records for the a.p., these are the evils of big government and the evils of government overreach. jared, you will hear this term, government overreach, time and time again. >> i don't disagree. >> the
>> i thought they don't care about the deficit. we've stabilized it for a decade, i hear. >> it's coming down, jerry. it's dropping to 4% gdp. >> spend, spend, spend, hooray, hooray. >> by the way, it's 2.1% in 2014. >> it's never supposed to be that low again. >> so, right, look, as far as the -- i want a budget in the following sense, sloging through all these continuing resolutions where you kind of do everything by patchwork and you run into cliffs an...
114
114
May 15, 2013
05/13
by
CNBC
tv
eye 114
favorite 0
quote 0
the history of deficit is they tend to understate it. if you forecast it up three, up three, up three, then if you jack your forecast down to minus one then you look like a total goon. what the cbo will say is up three, up three, up three, they tend to understate their revisions, what we saw yesterday was probably about half of the revision that they really would've made if they went all in and did the fully rational forecast. probably throughout the rest of the year, you're going to see bigger reductions in the deficits about three months from now. and that's going to have a good effect on markets, it's going to help the fed have some space to ease up on quantitative easing and so on. >> do you share robert's concerns about the impact of the sequester and second half of the year? >> no, i do not. we're losing about 1.5% of gdp growth. about 1% is the tax hike at the end of the year and half of that is the sequester. so far, we've overpowered that with the wealth effect and the absence of the hippopotamus, and i think that'll continue. >
the history of deficit is they tend to understate it. if you forecast it up three, up three, up three, then if you jack your forecast down to minus one then you look like a total goon. what the cbo will say is up three, up three, up three, they tend to understate their revisions, what we saw yesterday was probably about half of the revision that they really would've made if they went all in and did the fully rational forecast. probably throughout the rest of the year, you're going to see bigger...
106
106
May 16, 2013
05/13
by
FBC
tv
eye 106
favorite 0
quote 0
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
64
64
May 15, 2013
05/13
by
MSNBCW
tv
eye 64
favorite 0
quote 0
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. lovely read susan. may i read something? yes, please. of course. a rich, never bitter taste cup after cup. 340 grams. [ sighs ] [ male announcer ] always rich, never bitter. gevalia. >>> it may seem hard to believe that you're not experiencing day sha 52 h
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for...
50
50
May 16, 2013
05/13
by
MSNBCW
tv
eye 50
favorite 0
quote 0
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
146
146
May 15, 2013
05/13
by
CNBC
tv
eye 146
favorite 0
quote 0
deficit is shrinking more quickly than previously thought. the nonpartisan budget watchdog says revenue growth will out-pace spending over the next two years. the cbo is slashing its deficit forecast for fiscal 2014 to $642 billion. it's the smallest shortfall since 2008. they're citing rising personal income tax revenues and higher dividend payments by the likes of fannie mae and freddie mac. dan, how important is their assessment? >> well, it's very important for treasury yields. in the first part of the year, we had them go above 2% as economic growth looked strong, a bit down, but now we're moving in that direction again. but what may be a limit on them is exactly this -- the treasury isn't going to be issuing as much debt because the budget deficit's falling. the fed in the meantime is still buying a lot of treasuries, so you're starting to run into a demand and supply imbalance, where there's maybe not quite enough debt out there, if you will. we talk about having too much debt. maybe we don't have enough, and that will probably keep a
deficit is shrinking more quickly than previously thought. the nonpartisan budget watchdog says revenue growth will out-pace spending over the next two years. the cbo is slashing its deficit forecast for fiscal 2014 to $642 billion. it's the smallest shortfall since 2008. they're citing rising personal income tax revenues and higher dividend payments by the likes of fannie mae and freddie mac. dan, how important is their assessment? >> well, it's very important for treasury yields. in the...
118
118
May 14, 2013
05/13
by
CNBC
tv
eye 118
favorite 0
quote 0
about the potentially explosive situation we have been at the forefront of, the notion that the budget deficit is coming down and coming down much faster than anybody thinks, and that's going to surprise people. oh, and likes the banks and energy stocks, low interest rates and the big new oil finds we have in this country. and he does not fear the feds stopping his bond buying. in fact, welcomes it. he says that event, well, that's what every bear is waiting for, right? that event will be good. he thinks, that's right, the fed pulling back will be bullish barks us it makes it so the move is sustainable, something, again, we have been saying here. but because tenner made $2 billion, he's got 2 billion more reasons for people to listen to him than little old me. if you listened to "squawk," though which you would be nuts not to, because his comments on the show moved up the whole market today. i'm not kidding. i was up at 4:00 today and said oh, the market looks a little tepid. i didn't know that teper was going to be strolling on the "squawk box" set and bullying the whole market up. we got the
about the potentially explosive situation we have been at the forefront of, the notion that the budget deficit is coming down and coming down much faster than anybody thinks, and that's going to surprise people. oh, and likes the banks and energy stocks, low interest rates and the big new oil finds we have in this country. and he does not fear the feds stopping his bond buying. in fact, welcomes it. he says that event, well, that's what every bear is waiting for, right? that event will be good....
75
75
May 15, 2013
05/13
by
FBC
tv
eye 75
favorite 0
quote 0
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
256
256
May 20, 2013
05/13
by
FOXNEWSW
tv
eye 256
favorite 0
quote 0
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
41
41
May 17, 2013
05/13
by
CSPAN2
tv
eye 41
favorite 0
quote 0
the budget deficit this year will be 9%. so virtually twice what they had that's not the fiscal deficit is so large. worse still is how it's, how it's financed and essentially financed by borrowing from the banks. in the central bank welcomed such a bank itself cannot finance the government beyond the quarter. at the end of every quarter, it has to have a zero balance. so what the central bank was very innovative in doing with the central bank promised liquidity into the system and thinks go ahead and buy the government treasury bills. this is the lake for an economist is a form of printing money and therefore reducing inflation rising, it is no surprise inflation is rising. the fact they are losing reserves is no surprise. if you print money, you lose reserves and have inflation. that's what happened. they have to get a handle on the public finances. now, how are they going to get a handle on the public finances? structure of public finance and pakistan is really bad. for example, government revenues are about 13% of gdp. t
the budget deficit this year will be 9%. so virtually twice what they had that's not the fiscal deficit is so large. worse still is how it's, how it's financed and essentially financed by borrowing from the banks. in the central bank welcomed such a bank itself cannot finance the government beyond the quarter. at the end of every quarter, it has to have a zero balance. so what the central bank was very innovative in doing with the central bank promised liquidity into the system and thinks go...
116
116
May 13, 2013
05/13
by
CSPAN
tv
eye 116
favorite 0
quote 0
even as we reduce deficits. he served as the special assistant to the president for economic policies and the deputy director of the national economic council. has earned a well deserved reputation for taking a tremendous amount of economic data, synthesizing, and translated to a series of viable measures for the economic team and translated into terms that someone like i can understand. he has helped our country recover from the recession. who understands arefiscal policies intrinsically important to the prosperity of the american eople. right over his left shoulder is professorknowledge and his mom is an engineer. he has clearly in her it did is clearlys -- he inherited those smarts. before going to yale law school he's spent time doing lc with carnegie endowment, the center for global development, and the center for american progress. i think he realizes he has the brainpower to pursue whatever percussion he chooses, but he has a passion for public policy. he has specifically a passion for finding ways for ou
even as we reduce deficits. he served as the special assistant to the president for economic policies and the deputy director of the national economic council. has earned a well deserved reputation for taking a tremendous amount of economic data, synthesizing, and translated to a series of viable measures for the economic team and translated into terms that someone like i can understand. he has helped our country recover from the recession. who understands arefiscal policies intrinsically...
123
123
May 14, 2013
05/13
by
FBC
tv
eye 123
favorite 0
quote 0
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
93
93
May 20, 2013
05/13
by
FBC
tv
eye 93
favorite 0
quote 0
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
50
50
May 16, 2013
05/13
by
CSPAN2
tv
eye 50
favorite 0
quote 0
increases -- what else can you do to restrain spending increases and increase the $1.2 trillion budget deficits that we face? is there really an alternative? there are a lot of proposals made to where good cuts could be made in the pentagon. gao has produced two good reports about the pentagon as well as other agencies pointing out a lot of wasteful and duplicate programs. senator coburn issued a report last november on the pentagon pointing out $67 billion of programs that he argued -- and i read his report -- i think quite forcefully that a lot of these programs like breast cancer research in the penalty gone have nothing to do with national defense. nih does breast cancer research which is where it should be. the px system which costs over $2 billion a year for u.s. bases when you have safeways and cvss right outside of u.s. military bases. where our military personnel could go and shop. a lot of programs like that. but these reports get issued, and nobody in congress talks about them, nobody in congress tries to do anything about them. even the think tanks are relatively silent in terms of
increases -- what else can you do to restrain spending increases and increase the $1.2 trillion budget deficits that we face? is there really an alternative? there are a lot of proposals made to where good cuts could be made in the pentagon. gao has produced two good reports about the pentagon as well as other agencies pointing out a lot of wasteful and duplicate programs. senator coburn issued a report last november on the pentagon pointing out $67 billion of programs that he argued -- and i...
99
99
May 14, 2013
05/13
by
FOXNEWSW
tv
eye 99
favorite 0
quote 0
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
65
65
May 18, 2013
05/13
by
CSPAN2
tv
eye 65
favorite 0
quote 0
the faxes are deficits go down faster than they have in decades. but we still have to create a budget that is smart and doesn't hurt middle-class families are critical investments in our future. barbara mikulski is fighting hard to make sure that this sequester that is slowing down growth that we start to see growth slowing down because of furloughs and cuts in defense spending a whole bunch of stuff that was a well thought through come with guy to make sure we got a budget that doesn't push our economy back down. we need an economy that pushes our budget back. the american auto industry is thriving. american energy is booming. american ingenuity has the potential to change the way we do almost everything thanks to the determination of the american people, we've been able to clear away the rubble of the crisis appeared were now progress, but her work is not done in our focus cannot drift. with got to stay focused on our economy and putting people back to work in raising wages and burning manufacturing back to united states of america. that has to b
the faxes are deficits go down faster than they have in decades. but we still have to create a budget that is smart and doesn't hurt middle-class families are critical investments in our future. barbara mikulski is fighting hard to make sure that this sequester that is slowing down growth that we start to see growth slowing down because of furloughs and cuts in defense spending a whole bunch of stuff that was a well thought through come with guy to make sure we got a budget that doesn't push...
92
92
May 13, 2013
05/13
by
FBC
tv
eye 92
favorite 0
quote 0
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
76
76
May 17, 2013
05/13
by
CSPAN
tv
eye 76
favorite 0
quote 0
all the while increasing the deficit. it's time to move on. let's spend our time working on new solutions instead of placing -- i urge the defeat of the bill. at this time, i yield one minute to our chairman emeritus of the energy and commerce committee. you see that tv commercial about oil filters were somebody bring their car in and the have not have their oil changed. where we are today. we will repeal the fact. we can repeal it a -- today or later but it's going to be repealed. i have friends on the minority side of the cut about the things of it, they are just a government mandate that you have to have insurance. his government mandate on what has to be included in a conference. price control on the prize of the present. -- of the premium. the irs can enforce that if you choose not to participate in that man did program. other than that, there is no government involvement in this law. my good friends built with us to repeal it so we don't have to whenback later next year healthcare is in a shambles and we repeal the ban. the gentleman fro
all the while increasing the deficit. it's time to move on. let's spend our time working on new solutions instead of placing -- i urge the defeat of the bill. at this time, i yield one minute to our chairman emeritus of the energy and commerce committee. you see that tv commercial about oil filters were somebody bring their car in and the have not have their oil changed. where we are today. we will repeal the fact. we can repeal it a -- today or later but it's going to be repealed. i have...
81
81
May 15, 2013
05/13
by
FBC
tv
eye 81
favorite 0
quote 0
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
133
133
May 20, 2013
05/13
by
CNBC
tv
eye 133
favorite 0
quote 0
deficit's coming down. but stocks can't go up forever. >> no. what i'm seeing is that we're not seeing the inflows into stock funds and mutual funds is starting to get smaller and smaller. without new money into the market, i'm sorry. everyone loves this rotational theory about people rotating into new groups. >> right. >> i don't buy that. that's just money being moved around. you need new money to make the market go up. i think we're starting to see it dry up a little bit at this juncture. that's not permanent. i do think we're fwoing to see a little bit of a dryup right here. >> thank you, peter costa. always good to see you. going out about the mid-point of the range. 22 points on the dow jones industrial. stay tuned in the second hour. maria has exclusively the president of blackrock, rob kapito. stay tuned. retail earnings tomorrow. could set the tone for tuesday that traditionally in 2013 has been higher. second hour of the "closing bell" with maria is coming up right now. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you k
deficit's coming down. but stocks can't go up forever. >> no. what i'm seeing is that we're not seeing the inflows into stock funds and mutual funds is starting to get smaller and smaller. without new money into the market, i'm sorry. everyone loves this rotational theory about people rotating into new groups. >> right. >> i don't buy that. that's just money being moved around. you need new money to make the market go up. i think we're starting to see it dry up a little bit at...
124
124
May 20, 2013
05/13
by
CSPAN
tv
eye 124
favorite 0
quote 0
bottom line deficit the 9%. that is a result of the spending spree that went on the first half of this year including by the government as she said. the government continued to maintain right up until the end that they would wind-up with a deficit of 4.7 n. that sense you can say that they put out a set of numbers and stuck by them. the numbers were wrong. they internally knew that the numbers were wrong. and people like the planning commission very publicly said the numbers were wrong. the govep was sticking to the wrong numbers. the true numbers showed a much larger deficit. so i don't think there has been any sort of misreporting in the ministry of finances is keeps producing new numbers that are at variance with fact. he's been sticking to an old set of budget projections and trying to maintain that when the true numbers are quite different and they know that. >> thank you. you want to respond to the other comment this is israeli not that chopped up lines? >> well in a way the fact that p.p.p. has been reduc
bottom line deficit the 9%. that is a result of the spending spree that went on the first half of this year including by the government as she said. the government continued to maintain right up until the end that they would wind-up with a deficit of 4.7 n. that sense you can say that they put out a set of numbers and stuck by them. the numbers were wrong. they internally knew that the numbers were wrong. and people like the planning commission very publicly said the numbers were wrong. the...
44
44
May 14, 2013
05/13
by
CSPAN2
tv
eye 44
favorite 0
quote 0
that's why the president has put forward a balanced deficit reduction proposal that would allow congress to repeal sequestration in fy-13 and beyond. while the department is working full out to adapt to these new realities, it was not possible given the necessary timelines to turn around a new fy-14 budget based on new assumptions derived from march 1st's sequestration and from the final defense appropriations act which was also approved in march, nearly six months into the fiscal year. we need to stipulate up front that our fy-14 budget request does not provide funding to recover from the damage done by even a partial year of fy-13 sequestration. much less the full um pacts that would -- impacts that would hit the air force if the president's proposal to replace she questions ration for fy-13 and beyond is not enacted. this morning i'll summarize the state of our air force in three broad characters. first, force structure -- that is the size and the composition of the force -- readiness, training, the preparedness of our airmen and their equipment, and modernization. the replacement of
that's why the president has put forward a balanced deficit reduction proposal that would allow congress to repeal sequestration in fy-13 and beyond. while the department is working full out to adapt to these new realities, it was not possible given the necessary timelines to turn around a new fy-14 budget based on new assumptions derived from march 1st's sequestration and from the final defense appropriations act which was also approved in march, nearly six months into the fiscal year. we need...
109
109
May 14, 2013
05/13
by
CNBC
tv
eye 109
favorite 0
quote 0
because of growth and economy and also because of fannie mae paying back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in here, 142 billion of new supply and no new net mortgage, man a little from fannie mae or freddy mac. their 5 ten bell onof demand means there's going to be 368 billion of cash. if you could just zoom in on that number and that's the number that taper says is going to be money looking for a hope in the market these days. the result is a lot of money having no place to go, but perhaps the stocks, and the fed will be dropping down further. the next screen is the equity risk premium. this is the measure over the risk-free treasury rate. you can see it's already at a historic high now according to tepper's math, this
because of growth and economy and also because of fannie mae paying back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in...
106
106
May 17, 2013
05/13
by
CSPAN
tv
eye 106
favorite 0
quote 0
in lowering the cost, it would reduce the deficit. it is a bill that is pretty soon many more americans will be taking advantage of it. so far, over 100 million americans have taken advantage of the preventive services. over 100 million americans. over 100 million americans are no longer subjective to lifetime limits on their insurance coverage. that is a remarkable thing. six million seniors have seen their prescription drug costs be reduced those who are in the doughnut hole be around $6 billion. young people, right now today, can stay on their parents' insurance policy until they are 26 years old. the list goes on and on about the preventive exams that are free to seniors. the list goes on and on about what benefits the action that the republicans are taken would repeal that are good for the health and well being of the american people. this bill is not just about health care, it is about the good health of the american people. it is about prevention, it is about wellness, it is about electric medicine cad records that will change
in lowering the cost, it would reduce the deficit. it is a bill that is pretty soon many more americans will be taking advantage of it. so far, over 100 million americans have taken advantage of the preventive services. over 100 million americans. over 100 million americans are no longer subjective to lifetime limits on their insurance coverage. that is a remarkable thing. six million seniors have seen their prescription drug costs be reduced those who are in the doughnut hole be around $6...
136
136
May 16, 2013
05/13
by
CNBC
tv
eye 136
favorite 0
quote 0
he will not be able to reduce the deficit and that his way is the only viable option. >> we won't penalize that. we won't drive wealth creator away from our shores, but bring them here. we are traveling a hard road but we're making progress. and with your help, we will get there. >>> $1.8 billion, that's how much sinopec engineering has reportedly raised in its ipo. the company sinopec is said to have priced the deal at the bottom of the range. the group reportedly sold more than $1.3 billion at 10.50 hong kong dollars per piece. francis is back with us now. >> can you hear me now? >> great. good stuff. much better. what is the traction of this listing? >> the largest company necessary china are in the world and they still have a lot of engineering work to do. but you look at the ipo numbers, the public tranche is 28 times what was ascribed. and that will be a huge success, but they can only price at the lower end of the range that show the institutions are really not there. institution will not support the share. in this top of the range. so that really shows the support on its debut. it
he will not be able to reduce the deficit and that his way is the only viable option. >> we won't penalize that. we won't drive wealth creator away from our shores, but bring them here. we are traveling a hard road but we're making progress. and with your help, we will get there. >>> $1.8 billion, that's how much sinopec engineering has reportedly raised in its ipo. the company sinopec is said to have priced the deal at the bottom of the range. the group reportedly sold more than...
156
156
May 17, 2013
05/13
by
CNNW
tv
eye 156
favorite 0
quote 0
congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly we're worried about intimidation of the press with respect to the doj scandal. that doesn't mean we're only going to do that. >> his point is they can walk and chew gum at the same time, that members of congress have this oversight responsibility, but you heard him say, very pointedly, we're not getting straight answers on benghazi, we're not getting straight answers on the irs. there is a lot of feeling by republicans and even some democrats in congress that the testimony today by the acting irs commissioner did him more harm than good. even if he's on his way out the door, there are questions about whether or not he's
congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly...
140
140
May 17, 2013
05/13
by
CNNW
tv
eye 140
favorite 0
quote 0
and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans.
and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to...
163
163
May 16, 2013
05/13
by
MSNBCW
tv
eye 163
favorite 0
quote 0
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...